We, the Alliance of Californians for Community Empowerment’s Riders for Transit Justice (ACCE/RTJ), are calling for nationwide demonstrations on Wednesday, April 4th, 2012, to highlight the amount of money being given to banks to pay extraordinarily high interest rates on swap fees. This is in conjunction with Occupy MBTA/Boston and many other cities.
Fruitvale Transit Village, at bus stops on International Blvd.
We are also going to have actions in Oakland regarding our local buses. $53 million annually in swap fees is being paid to the big banks like Chase, Wells Fargo, JP Morgan, etc., by the San Francisco Bay Area’s Metropolitan Transportation Commission (MTC), which cut $52 million a year out of the budget for local bus services throughout the region. We have an ongoing campaign to get the MTC to renegotiate those swaps and fund transit instead. Our campaign is called ReFund Transit.
April 4th is the anniversary of the 1968 assassination of MLK, and the 1967 speech in which he made the connection between the Vietnam war and poverty at home.